Came across this simple article about saving for retirement. Well for most employed people, the only option to have a comfortable amount stashed for retirement is to save, save, save! Even for a homebiz entrepreneur, saving is indeed a must too. However it would also affect your cash flow. When you put away a portion of your earnings, you are reducing that portion from working in your business.
On the other hand, if you don't put away some sum, you may not have enough when it is time to call it quits. And yet, just putting away money into your bank account is still not enough especially since there is inflationary pressure on every cost of living, you would find your purchasing power shrinking and when you retire, the money that you saved did not quite meet up to the future cost of living.
Anyway, the simple article here stressed the need to plan for retirement and to have prudent spending on your current earning. This may be easier said that done as there are dependents. You may have a family needs to take care, child education to plan, and it would seem there can never be enough leftover for savings.
Showing posts with label personal development plan. Show all posts
Showing posts with label personal development plan. Show all posts
Tuesday, March 05, 2013
Saturday, February 13, 2010
Top ten irritating expression
This is something I should remember. Came across this top ten irritating expression in a newspaper about a research done in by Oxford University. Some of them actually sound quite cliche, we may have heard them and use them because it sounded interesting and unique but can be grating when applied to another fellow listener especially when it is directed at them.
Here's the list, try to avoid using them.
Cheers!
Here's the list, try to avoid using them.
- At the end of the day
- Fairly unique
- I personally
- At this moment in time
- With all due respect
- Absolutely
- It's a nightmare
- Shouldn't of (this one grammatically incorrect, should be "shouldn't have")
- 24/7
- It's not rocket science
Cheers!
Monday, August 31, 2009
Career Personal Development Plan
You need a career personal development plan. What other better way then to start your own web business? You should actually set aside some time to start off a side business, or even side income. You never know, with the downturn in the economy the side income might come in very handy. Just recently I came across a news article about professor, a PhD holder who couldn't find himself a job after having worked so many years in bio-medical research facility and ended up driving a taxi in Singapore instead. Fancy that! You would have thought with such a high qualification he should have no problem securing a job employment in some high paying job position somewhere easily!
I find such irony in this day and age. It is not the brightest, academically inclined individual that gets the cream on the icing. More often than not, it is the person that did some kind of career personal development plan that gets ahead. Especially those that has good networks usually gets to secure another job pretty quickly. Sometimes the best way to network around and get those well needed contacts is to start your own web business. It really saves you from hunting high and low for contacts. Let your web site do the hunting or rather being hunted down!
If this is as good as any opportunity to get started, it would be now when you still have a job, because you still have financial support while you put in a couple of hours a day or if time is a constraint, a couple of hours in a week to build up the web business. Slowly and surely you get your web business started. And one day when it has grown sufficiently and you look back, you know you have made a wise decision. And come what may, you still have something. And if indeed it has grown you may even decide to go in full time!
I know of many who has done so well then they quit their boring uninspiring day job and go at this full time!
If you are ready, click on here to explore your possibilities. You never know, it might spark off something. Perhaps using your existing skill and sell your services!
In the meantime here a reprint of the news article. Don't end up like that professor!
Driven to driving a taxi despite having a PhD
Saturday August 29, 2009
Singapore Jobs changing trends
By Seah Chiang Nee
Bio-chemist Dr Cai Minnjie who failed to land another research position after losing his job last year now happily prowls the streets as a cabbie.
SINGAPORE'S fraternity of taxi drivers, with its fair share of retrenched executives, has now an exalted new member – a PhD bio-chemist from Stanford University.
Prowling the streets of Singapore today is 57-year-old unemployed scientist Dr Cai Mingjie who lost his job at Singapore's premier A-Star biomedical research institute last year.
The China-born naturalised citizen with 16 years of research accomplishments said he began driving a taxi last October after failed efforts to land another job.
The news shocked this nation, which holds an unshakable faith in the power of an advanced university education.
One surprised white-collar worker said he had believed that such a doctorate and experience was as good as life-long employment and success.
"If he has to drive a taxi, what chances do ordinary people like us have?" he asked.
I have met a number of highly qualified taxi drivers in recent years, including former managers and a retrenched engineer.
One cheerful driver – a former stock-broker – surprised me one day in giving me detailed reasons on what stocks to buy or avoid.
"At a time like this, the taxi business is probably the only business in Singapore that still actively recruits people," said Dr Cai.
To me, his plight is taking Singapore into a new chapter.
"(I am) probably the only taxi driver in the world with a PhD from Stanford and a proven track record of scientific accomplishments ...," blogged Dr Cai.
"I have been forced out of my research job at the height of my scientific career" and was unable to find another job "for reasons I can only describe as something uniquely Singapore".
The story quickly spread far and wide over the Internet. Most Singaporeans expressed admiration for his ability to adapt so quickly to his new life. Two young Singaporeans asked for his taxi number, saying they would love to travel in his cab and talk to him.
"There's so much he can pass on to me," one said.
Others questioned why, despite his tremendous scientific experience, he is unable to find a teaching job.
His unhappy exit is generally attributed to a personal cause (he has alleged chaotic management by research heads) rather than any decline in Singapore's bio-tech project, which appears to be surviving the downturn.
The case highlights a general weakening of the R and D (research and development) market in smallish Singapore.
"The bad economy means not many firms are hiring professional scientists," one surfer said. "Academia isn't much of a help – there's a long history of too many PhDs chasing too few jobs."
While the image of taxi drivers has received a tremendous boost, the same cannot be said of Singapore's biomedical project – particularly its efforts to nourish home-grown research talent.
"It may turn more Singaporeans away from Life Sciences as a career," said one blogger.
One writer said: "In my opinion, PhDs are useless, especially in Singapore. It's just another certificate and doesn't mean much."
Another added: "The US is in a worse situation. Many are coming here to look for jobs."
"I won't want my child to study for years to end up driving a taxi," said a housewife with a teenage daughter.
The naturalised Singaporean citizen underwent his PhD training at Stanford University, the majority of his work revolving around the study of yeast proteins.
His case is not unique. US research-scientist Douglas Prasher, who isolated the gene that creates the green fluorescent protein (and just missed the 2008 Chemistry Nobel Prize) faced similar straits.
Prasher moved from one research institution to another when his funding dried up, and he eventually quit science – to drive a courtesy shuttle in Alabama.
"Still, he remains humble and happy and seems content with his minivan driver job," said a surfer.
With an evolving job market as more employers resort to multi-tasking and short-term contracts, more Singaporeans are chasing after split degrees, like accountancy and law or computer and business.
Others avoid post-graduate studies or specialised courses of a fixed discipline in favour of general or multi-discipline studies. "Experience is king" is the watchword; there has been a rush for no-pay internships.
"The future favours graduates with multiple skills and career flexibility, people who are able to adapt to different types of work," one business executive said.
During the past few years, as globalisation deepened, there has been a growing disconnect between what Singaporeans studied in university and their subsequent careers.
It follows the trend in the developed world where old businesses disappear – almost overnight – and new ones spring up, which poses problems for graduates with an inflexible job expectation.
I know of a young man who graduated from one of America's top civil engineering universities abandoning the construction hard hat for a teaching gown.
Another engineer I met is running his father's lucrative coffee shop. Lawyers have become musicians or journalists, and so on.
Cases of people working in jobs unrelated to their university training have become so common that interviewers have stopped asking candidates questions like "Why should a trained scientist like you want to work as a junior executive with us?"
In the past, parents would crack their heads pondering what their children should study – accountancy or law or engineering, the so-called secure careers – and see them move single-mindedly into these professions.
A doctor was then a doctor, a biologist generally worked in the lab and a lawyer argued cases in courts – square pegs in square holes, so to speak.
Today the world is slowly moving away from this neat pattern. -- The Star
I find such irony in this day and age. It is not the brightest, academically inclined individual that gets the cream on the icing. More often than not, it is the person that did some kind of career personal development plan that gets ahead. Especially those that has good networks usually gets to secure another job pretty quickly. Sometimes the best way to network around and get those well needed contacts is to start your own web business. It really saves you from hunting high and low for contacts. Let your web site do the hunting or rather being hunted down!
If this is as good as any opportunity to get started, it would be now when you still have a job, because you still have financial support while you put in a couple of hours a day or if time is a constraint, a couple of hours in a week to build up the web business. Slowly and surely you get your web business started. And one day when it has grown sufficiently and you look back, you know you have made a wise decision. And come what may, you still have something. And if indeed it has grown you may even decide to go in full time!
I know of many who has done so well then they quit their boring uninspiring day job and go at this full time!
If you are ready, click on here to explore your possibilities. You never know, it might spark off something. Perhaps using your existing skill and sell your services!
In the meantime here a reprint of the news article. Don't end up like that professor!
Driven to driving a taxi despite having a PhD
Saturday August 29, 2009
Singapore Jobs changing trends
By Seah Chiang Nee
Bio-chemist Dr Cai Minnjie who failed to land another research position after losing his job last year now happily prowls the streets as a cabbie.
SINGAPORE'S fraternity of taxi drivers, with its fair share of retrenched executives, has now an exalted new member – a PhD bio-chemist from Stanford University.
Prowling the streets of Singapore today is 57-year-old unemployed scientist Dr Cai Mingjie who lost his job at Singapore's premier A-Star biomedical research institute last year.
The China-born naturalised citizen with 16 years of research accomplishments said he began driving a taxi last October after failed efforts to land another job.
The news shocked this nation, which holds an unshakable faith in the power of an advanced university education.
One surprised white-collar worker said he had believed that such a doctorate and experience was as good as life-long employment and success.
"If he has to drive a taxi, what chances do ordinary people like us have?" he asked.
I have met a number of highly qualified taxi drivers in recent years, including former managers and a retrenched engineer.
One cheerful driver – a former stock-broker – surprised me one day in giving me detailed reasons on what stocks to buy or avoid.
"At a time like this, the taxi business is probably the only business in Singapore that still actively recruits people," said Dr Cai.
To me, his plight is taking Singapore into a new chapter.
"(I am) probably the only taxi driver in the world with a PhD from Stanford and a proven track record of scientific accomplishments ...," blogged Dr Cai.
"I have been forced out of my research job at the height of my scientific career" and was unable to find another job "for reasons I can only describe as something uniquely Singapore".
The story quickly spread far and wide over the Internet. Most Singaporeans expressed admiration for his ability to adapt so quickly to his new life. Two young Singaporeans asked for his taxi number, saying they would love to travel in his cab and talk to him.
"There's so much he can pass on to me," one said.
Others questioned why, despite his tremendous scientific experience, he is unable to find a teaching job.
His unhappy exit is generally attributed to a personal cause (he has alleged chaotic management by research heads) rather than any decline in Singapore's bio-tech project, which appears to be surviving the downturn.
The case highlights a general weakening of the R and D (research and development) market in smallish Singapore.
"The bad economy means not many firms are hiring professional scientists," one surfer said. "Academia isn't much of a help – there's a long history of too many PhDs chasing too few jobs."
While the image of taxi drivers has received a tremendous boost, the same cannot be said of Singapore's biomedical project – particularly its efforts to nourish home-grown research talent.
"It may turn more Singaporeans away from Life Sciences as a career," said one blogger.
One writer said: "In my opinion, PhDs are useless, especially in Singapore. It's just another certificate and doesn't mean much."
Another added: "The US is in a worse situation. Many are coming here to look for jobs."
"I won't want my child to study for years to end up driving a taxi," said a housewife with a teenage daughter.
The naturalised Singaporean citizen underwent his PhD training at Stanford University, the majority of his work revolving around the study of yeast proteins.
His case is not unique. US research-scientist Douglas Prasher, who isolated the gene that creates the green fluorescent protein (and just missed the 2008 Chemistry Nobel Prize) faced similar straits.
Prasher moved from one research institution to another when his funding dried up, and he eventually quit science – to drive a courtesy shuttle in Alabama.
"Still, he remains humble and happy and seems content with his minivan driver job," said a surfer.
With an evolving job market as more employers resort to multi-tasking and short-term contracts, more Singaporeans are chasing after split degrees, like accountancy and law or computer and business.
Others avoid post-graduate studies or specialised courses of a fixed discipline in favour of general or multi-discipline studies. "Experience is king" is the watchword; there has been a rush for no-pay internships.
"The future favours graduates with multiple skills and career flexibility, people who are able to adapt to different types of work," one business executive said.
During the past few years, as globalisation deepened, there has been a growing disconnect between what Singaporeans studied in university and their subsequent careers.
It follows the trend in the developed world where old businesses disappear – almost overnight – and new ones spring up, which poses problems for graduates with an inflexible job expectation.
I know of a young man who graduated from one of America's top civil engineering universities abandoning the construction hard hat for a teaching gown.
Another engineer I met is running his father's lucrative coffee shop. Lawyers have become musicians or journalists, and so on.
Cases of people working in jobs unrelated to their university training have become so common that interviewers have stopped asking candidates questions like "Why should a trained scientist like you want to work as a junior executive with us?"
In the past, parents would crack their heads pondering what their children should study – accountancy or law or engineering, the so-called secure careers – and see them move single-mindedly into these professions.
A doctor was then a doctor, a biologist generally worked in the lab and a lawyer argued cases in courts – square pegs in square holes, so to speak.
Today the world is slowly moving away from this neat pattern. -- The Star
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